Nuance Stock Falls On Unusually High Volume (NUAN)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Nuance Communications (Nasdaq: NUAN) is trading at unusually high volume Wednesday with 6.3 million shares changing hands. It is currently at two times its average daily volume and trading down 51 cents (-2.7%) at $18.40 as of 12:11 p.m. ET.

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Nuance has a market cap of $6.17 billion and is part of the technology sector and computer software & services industry. Shares are down 12.5% year to date as of the close of trading on Tuesday.

Nuance Communications, Inc. provides voice and language solutions for businesses and consumers worldwide. The company has a P/E ratio of 35.5, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Nuance as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and unimpressive growth in net income. You can view the full Nuance Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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